To keep up with Silicon Valley, the FTC is building a tech-focused office
The Federal Trade Commission is establishing a specialised technology office to increase surveillance of Silicon Valley and assist it in staying on top of developing technologies and trends in a fast-moving industry. On Thursday, commissioners voted 4-0 to establish the position.
The FTC has narrowed its emphasis on technology businesses under the leadership of chair Lina Khan. After FTC claims that it violated the Children’s Online Privacy Protection Act, Epic Games agreed to a record $520 million payment last year. The government has also sued to prevent Microsoft from acquiring Activision Blizzard and NVIDIA from acquiring ARM (NVIDIA backed out of the deal).